Links in “Federal Reserve”
- What Counts as Economic Development?
Definition of what qualifies as economic development confusing you? The Fed, OCC, and FDIC are releasing a new question and answer document with more information on the CRA but first they want you to take a look and make a comment. [9/9/14]
- Repealing the Reg
The Board of Governors of the Federal Reserve System is proposing to repeal its Regulation AA. Among other provisions, this would remove their authority to write rules, but they would continue to have authority for enforcement against unfair or deceptive acts or practices. [8/27/14]
- Repeal Regulation AA: What Do You Say?
Regulation AA is under review as the Federal Reserve Board requested comment to repeal the regulation. While this regulation would no longer fall under the Federal Reserve Board, unfair and deceptive practices would still be prohibited under the FTC and Dodd-Frank. [8/25/14]
- Retailers Appear to Accept Fedâs Two Payment Network Rule
The National Federation of Retailers has only addressed the interchange fee limits in its petition to the Supreme Court to overturn the Federal Reserve Boardâs interchange rule. It appears they have accepted the Fedâs positon that debit card issuers must ensure that two unaffiliated payment networks are available to cardholders. Originally, retailers had argued that the Durbin Amendment to the Dodd-Frank Act required card issuers provide more than two options. [8/21/14]
- August NCUA Report Highlights Cyber Security Exam Focus
The August NCUA Report is now available online and includes an article that highlights the top 10 cyber security areas that examiners are focusing on during your examinations. This monthâs addition also includes an economic update that predicts the Federal Reserve Boardâs Fed Fund rate will reach 2.5% by the end of 2016. [8/20/14]
- Regulators to Judge on Operation Choke Point: Blame the Banks, Not Us
FDIC, Federal Reserve and OCC are seeking a dismissal of a lawsuit by payday lenders accusing them of pressuring banks to terminate relationships with them. "Banks, not federal banking regulators, terminated those business relationships," said FDIC lawyers. [8/20/14]
- Retailers Take Swipe Fees to the Supreme Court
Merchant groups filed a petition asking the U.S. Supreme Court to review a Fed Reserve decision that left debit card swipe fees at 21 cents, rather than lowering them. [8/19/14]
- Waves of Recession Still Crashing on Some
The Federal Reserve Board's new "Report on Economic Well-Being of US Households" report reveals that financial recession is not over for many. The report indicates that 25% of surveyed households are "just getting by" and another 13% are struggling to get by. The report includes outlooks and projections for the housing market, perceptions of surveyed individuals, and insight into numerous topics. [8/8/14]
- New Legislation Requires Community Bank Presence on Fed Board
Legislation reauthorizing the Terrorism Risk Insurance Act included an amendment requiring at least one member of the Federal Reserve Board to have experience in community banking. The measure was approved by the Senate. [7/18/14]
- Going Once, Going Twice, Sold
The Federal Reserve has approved a rule regarding information collection after the proposal did not receive any comments during the 60-day comment period. [7/18/14]
